Media reports indicate that the CBI caught two National Highways Authority of India (NHAI) officials accepting a bribe of Rs 10 lakh from PNC employees in Madhya Pradesh. The bribe was allegedly for obtaining final approval, a no-objection certificate (NOC), and processing of the final bill for NHAI’s Jhansi-Khajuraho project.
“The CBI has arrested National Highway Authority of India (NHAI) general manager Purushottam Lal Choudhary, posted in Madhya Pradesh’s Chattarpur, in an Rs 10-lakh bribery case,” PTI reported quoting officials on Sunday.
The six other accused in the case, including NHAI consultant Sharad Verma and his resident engineer Prem Kumar Sinha, along with four employees of PNC Infratech — Satyanarayana Anguluri, Brijesh Mishra, Anil Jain, and Shubham Jain — were arrested on Saturday evening.
Also Read: TCS, Nestle India among 10 stocks that paid dividend up to 60 times since 2011
PNC Infra confirmed the news and, in an exchange filing, stated that a team of CBI conducted searches at the residences of Yogesh Kumar Jain, managing director, and Talluri Raghupati Rao, whole-time director of the company. Searches were also conducted at the corporate office in Agra, the registered office in New Delhi, and other company offices on the night of June 8, 2024.
Further, PNC Infra clarified that Y K Jain and T R Rao were not arrested as reported in the media but were served a summons to appear before the CBI Office in New Delhi.
At 11:11 am, the scrip was trading 8.4% lower at Rs 477.6 on BSE. Despite the recent drop, the stock has surged 37% year-to-date and gained 50% in the past 12 months.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
